Note on Contingent Environmental Liabilities Harvard Case Solution & Analysis

Address contingent environmental liabilities that result from unforeseen environmental risks, where the dollar amount of such commitments is unknown and depends on future events. Unlike the penalties for violation of environmental law are obligations, but are not considered as contingent liabilities, such penalties are relatively predictable. Cover obligations on the general doctrine of law (including toxic offenses), Resource Conservation and Recovery Act (RCA), and the Comprehensive Environmental Response, Compensation, and Liability (CERCLA). In particular, issues of lender liability in 1993, and briefly discusses the financial reporting requirements. Concludes with a discussion of management strategies such commitments. "Hide
by Richard HK Vietor, Forest Reinhardt, Jackie P. Roberts 23 pages. Publication Date: February 11, 1994. Prod. #: 794098-PDF-ENG

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